Hello there,
Interested in investing but first, I have 2 questions for Minexcoin staff/admin:
1) I like the parking feature on Minexbank (great interest rates paid in coins) but there is one "mathematical" aspect I do not comprehend...:
as the Max supply is 6.000.000 coins and there are already 3.000.000 coins in circulation, if all the currently circulating coins should be parked, with such high interest rates we would very shortly (within 2 years) reach the 6.000.000 mark...how can it be possible to continue such parking reward system? In other words, if that parking scheme continues there will be way more than 6.000.000 coins in circulation within 2 years...please explain.
2) Why isn't MNX traded on other markets?
The rates are constantly changing based on an algorithm. The Minexcoin team has full knowledge of how many coins are parked and are available on an exchange at any given time, so if there were 3mil coins parked, I doubt you would see the high returns being offered now.
The reason minexcoin isn't on other exchanges is the million dollar question right now. Some are of belief that the Minexcoin team is working tirelessly around the clock to get Minexcoin on another exchange.
Logical people with a brain however, read the whitepaper and realize that Minexcoin team needs to employ market manipulation techniques in order to keep the price volatility low(which doesn't and won't work anyway), and for that reason understand that for their purposes the use of one shitty unknown exchange seems to be the best option for blatantly manipulating a coins price.